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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. The back row trainees at Solomon Brothers are victims of the myth that a trader is a _____.
(a) Dictator.
(b) Quarterback.
(c) Messiah.
(d) Savage.

2. What is the nickname of Horowitz?
(a) Uncle Dale.
(b) The hatchet man.
(c) The Jackknife.
(d) Papa Horowitz.

3. From what school does Leonard Bublick, the trainee who gets hit in the head with a paper wad thrown by the former U.S. Navy fighter pilot, get his M.B.A.?
(a) Oberlin.
(b) University of Iowa.
(c) Yale.
(d) University of Indiana.

4. According to the author, all a man has in the markets is his _____.
(a) Drive and determination.
(b) Wits.
(c) Word and honor.
(d) Gall.

5. As Lewis gets more experience at Salomon Brothers, he realizes that an inexplicable aspect of studying to be an investment banker is that _______ serves no function in an investment bank.
(a) Economic theory.
(b) Making plans.
(c) Politeness.
(d) A college degree.

6. The trainee who finally asks a question at Massey's training session wonders if Salomon Brothers will open an office in what city?
(a) Montreal.
(b) Prague.
(c) Vienna.
(d) Rome.

7. According to the book, investment banking candidates are expected to be _______.
(a) Open-minded.
(b) Brash.
(c) Culturally literate.
(d) Intellectuals.

8. What does Lewis see as John Gutfreund's "calling card" as he makes his rounds in the trading floor?
(a) A slap on the back.
(b) Cigar ash.
(c) A hand-written note.
(d) Coffee grounds.

9. Where does the important dinner that the author is invited to take place?
(a) St. James Palace.
(b) Cornwall.
(c) Tintagel.
(d) Buckingham Palace.

10. What is the name stockbrokers give to the day in 1976 when fixed stock brokerage commissions ended?
(a) A green Christmas.
(b) Blue Monday.
(c) Black Friday.
(d) Mayday.

11. Gutfreund's wife, Susan, is spending fifteen million dollars decorating his ______ apartment.
(a) London
(b) Manhattan.
(c) Long Island.
(d) Paris

12. Who is chairman of the Federal Reserve in 1979?
(a) Arthur F. Burns.
(b) Paul Volcker.
(c) Alan Greenspan.
(d) Ben Bernanke.

13. The senior mortgage traders maintain that their abuse of trainees leads to _____.
(a) Better workers.
(b) Enlightenment.
(c) More money.
(d) Lawsuits.

14. What floor at Salomon brothers is said to have low ceilings, no windows, and the charm of an engine room?
(a) The thirty-seventh floor.
(b) The fortieth floor.
(c) The forty-first floor.
(d) The ground floor.

15. Which leading bond analyst from Salomon Brothers gives a speech at the Wharton School about how he can't get women to pay attention to him at cocktail parties?
(a) John Gutfreund.
(b) Sidney Homer.
(c) Myron Samuels.
(d) John Meriwether.

Short Answer Questions

1. What sort of important dinner is the author invited to attend?

2. In the bond market, unlike the stock market, ______ are not openly stated.

3. The author notices that young traders become _____ after they get onto Meriwether's trading desk.

4. The author characterizes the bond trader as a _____.

5. Which publication calls John Gutfreund the "King of Wall Street"?

(see the answer keys)

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